Topic

Economics News

A collection of 554 issues

Fantom Foundation Co-Founder Backs Solana Amid Transaction Troubles, Calls Blockchain a "Victim of Its Success"

In a surprising turn of events, Fantom Foundation's co-founder Andre Cronje has come forward with a public endorsement of the Solana network amidst its recent transactional hiccups. The period between April 4th and 5th, 2024, was particularly challenging for Solana, as approximately 77% of its transactions failed to complete. This

"PayPal Launches International Transfers in PYUSD for US Customers, Expanding Financial Reach to 160 Countries"

In a move set to revolutionize international transactions, PayPal has introduced a groundbreaking service for its US-based clientele. Users now have the capability to conduct cross-border transfers using the PYUSD stablecoin, marking a significant advancement in the realm of global finance. The announcement heralds a new era of financial accessibility,

"Goldman Sachs CIO: A Firm Stance on Cryptocurrency's Lack of Appeal to Clients"

The Chief Investment Officer of Goldman Sachs, Sharmin Mossavar-Rahmani, remains steadfast in her skeptical stance toward cryptocurrencies, asserting that this asset class bears no intrinsic value. In a revealing interview with the Wall Street Journal, Mossavar-Rahmani shared insights into the disinterest shown by the bank's clientele towards cryptocurrencies, even amidst

"Global Gas Glut: Navigating Through Record Surpluses and Falling Prices"

The global gas markets are currently experiencing an unprecedented surplus, largely due to the unseasonably warm winter that has passed. This has been highlighted in reports by CNBC, which draws upon analytics data to outline the scale of the situation. Forecasts by Morgan Stanley suggest that in the coming years,

Bitwise CIO Urges Delay of Spot Ethereum ETF Approvals Until December 2024

In a recent development that has stirred the crypto industry, Bitwise Asset Management's Chief Investment Officer (CIO) Matt Hougan has made a significant appeal. Advocating for a strategic pause, Hougan has urged regulatory bodies to postpone the approval of spot Ethereum Exchange-Traded Funds (ETFs) until December 2024, according to a

"Rosatom Explores the Possibility of Constructing a Lithium Battery Factory in Bolivia"

In a significant development that could impact the global energy storage and electric vehicle (EV) market, Rosatom, Russia's state atomic energy corporation, has announced its consideration of plans to construct a lithium battery manufacturing facility in Bolivia. Kirill Komarov, the First Deputy Director-General of Rosatom and the Director of Development

Gunzilla Games Secures $30 Million in Funding for Blockchain-Powered AAA Gaming Innovation

Gunzilla Games has announced a significant financial milestone with a total funding of $30 million. This funding includes a strategic token round of $10 million, spearheaded by CoinFund and Blizzard Fund Avalanche, highlighting the growing interest in the intersection of gaming and blockchain technology. Notable participants in this round also

HSBC Launches Groundbreaking Gold Token for Retail Investors

HSBC has taken a significant leap in the digital finance world by introducing a gold-based token, a move that marks a milestone in the tokenization of assets for retail investors. According to a press release cited by CoinDesk, the financial conglomerate has successfully tokenized gold for retail investors in Hong

"Historic $942 Million Outflow from Crypto Funds: A Comprehensive Analysis"

In a remarkable turn of events within the cryptocurrency investment landscape, CoinShares, a leading digital asset investment firm, has unveiled in its weekly report an unprecedented outflow of funds from crypto funds. Between March 18th and 22nd, 2024, a staggering $942 million was withdrawn, marking the first significant capital outflow

"The Potential Impact of a Trump Victory on the Crypto Industry: Insights from VanEck"

VanEck leadership believes that the digital assets sector could count on support in the event of a Trump victory in the elections. The company pointed to obstacles created for the crypto industry by the current White House administration. The outcome of the upcoming US presidential election will have a significant